At 01:17 PM (Korean Time) today, Whale Alert reported that the USDC treasury address burned 50 million USDC. This is a significant event, as it demonstrates the commitment of the USDC team to maintaining the stability and integrity of the USDC stablecoin. The burning of USDC tokens reduces the overall supply of USDC in circulation, which can help to stabilize the price of USDC. It also demonstrates the USDC team's commitment to maintaining the 1:1 peg between USDC and the US dollar. The burning of USDC tokens is a positive development for the USDC ecosystem. It shows that the USDC team is committed to maintaining the stability and integrity of the USDC stablecoin. It also demonstrates the team's commitment to maintaining the 1:1 peg between USDC and the US dollar.

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